Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures firmed for a second day on Thursday on technical buying and optimism that the U.S. economy may be on the upswing, analysts said. However, gains in nearby contracts trailed those in deferred months as a backlog of market-ready cattle and falling wholesale beef prices hung […] Read more
U.S. livestock: Live cattle firm on economic optimism
CME lean hogs close mostly higher
U.S. grains: Wheat soars as export outlook brightens
CBOT soybeans near two-month top
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures hit their highest levels in nearly two months on Thursday and wheat futures rose more than two per cent as a weaker dollar bolstered export prospects for U.S. grains and oilseeds, analysts said. Corn futures followed the firm trend. Chicago Board of Trade July soybeans settled up 10-1/4 […] Read more
CBOT weekly outlook: Prices stable, crops looking good
Reading Time: 2 minutes MarketsFarm — Over the last few weeks, soybean and corn prices on the Chicago Board of Trade (CBOT) have stabilized, according to Scott Capinegro of Barrington Commodities at Barrington, Ill. “And that’s a good thing. Where this goes from here is still anybody’s guess,” he said. Noting that the crops in the United States are […] Read more
U.S. grains: Soybeans rise on improving exports
Wheat recovers from two-day slide, corn ends narrowly mixed
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures climbed on Wednesday to a three-week high as fresh export demand from China, the world’s top importer, continued to support prices. Wheat prices bounced after a two-day slide, with a softer U.S. dollar lending support, while corn ended narrowly mixed. Chicago Board of Trade July soybeans settled up […] Read more
U.S. livestock: Live cattle sag as wholesale beef prices retreat
Slaughter counts rising 'much faster than anticipated'
Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures fell on Tuesday, with the August contract hitting its lowest in nearly a month as the U.S. slaughter pace picked up, sending more beef into retail channels, traders said. Chicago Mercantile Exchange (CME) June live cattle settled down three cents at 95.3 cents/lb., while most-active August ended […] Read more
U.S. grains: Soybeans up on China sales hopes
Wheat down on U.S. harvest; rains seen for Black Sea
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures hit a three-week high on Tuesday on confirmation of U.S. soy sales to top global importer China and signs of an improving export outlook, traders said. Wheat futures fell as the U.S. winter wheat harvest got rolling while corn ended modestly higher. Chicago Board of Trade July soybeans […] Read more
U.S. grains: Soybeans end fractionally lower amid China trade woes
Corn pulls back on fair weather; wheat slips as U.S. harvest gets underway
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures closed fractionally lower after a choppy session on Monday as brokers weighed pressure from rising U.S.-China trade tensions against news of fresh U.S. soybean sales to the Asian country, traders said. Corn fell on an above-average planting pace and fair weather forecasts across the Midwest that should support […] Read more
Fund traders add to short positions in canola, corn
Reading Time: < 1 minute MarketsFarm — Fund traders added to net short positions in canola and corn while reducing their net long in soybeans, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures canola came in Tuesday at 38,810 contracts (5,349 long/44,159 […] Read more
U.S. grains: Corn, soybeans slide on China tensions
Midwest weather poses risks for wheat
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures fell on Friday as escalating U.S.-China tensions over Beijing’s proposed restrictions on Hong Kong dampened markets after a week of gains. Three sources told Reuters China may reduce U.S. agricultural imports if Washington issues a severe response to Beijing’s push to impose national security laws on […] Read more
U.S. livestock: Cattle futures end lower ahead of weekend
CME lean hogs mostly up
Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures retreated on Friday in a profit-taking and technical selling setback ahead of the weekend amid weakening beef prices and concerns about lower-than-normal summer demand as much of the economy remains partially closed. Lean hog futures clawed back earlier losses to end mostly higher as an early drop […] Read more
A message from April Stewart, Country Guide's Associate Editor
